72 paragraphs found
External confirmation means audit evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other …
Positive confirmation request means a request that the confirming party respond directly to the auditor indicating whether the confirming party agrees or disagrees with the information in the request, or providing the requested …
Negative confirmation request means a request that the confirming party respond directly to the auditor only if the confirming party disagrees with the information provided in the …
Non-response means a failure of the confirming party to respond, or fully respond, to a positive confirmation request, or a confirmation request returned …
Exception means a response that indicates a difference between information requested to be confirmed, or contained in the entity’s records, and information provided by the confirming …
The failure to receive a response to a negative confirmation request does not explicitly indicate receipt by the intended confirming party of the confirmation request or verification of the accuracy of the information contained in the request. …
When evaluating the results of individual external confirmation requests, the auditor may categorise such results as follows: A response by the appropriate confirming party indicating agreement with the information provided in the confirmation request, …
The objective of the auditor, when using external confirmation procedures, is to design and perform such procedures to obtain relevant and reliable audit …
For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below: …
This Auditing Standard also applies, as appropriate, to an audit of other historical financial information. …